How We Got to Where We Are

Before the stock market begins an upward move certain forces come into play that contribute to its potential price movement. One such force is called accumulation. This occurs at the end of a market decline and is a phase that depicts a fight between supply and...

Using Trend Lines – Part One

Trend lines are defined by lines. A line is just a connection between two points. An upward sloping trend line is bullish, a downward sloping trend line is bearish and a horizontal trend line is neutral. Initially we connect two extremes or two high points (point A...

Is the Correction Here? What it can Mean…..

Just a quick look this morning as the market looks to be completing a short term top. I will discuss how we got there in a later post. A quick look at a point and figure chart for the S & P 500. From the 1640 level there are 8 boxes in the count and since it is a...
The Trend is Your Friend

The Trend is Your Friend

It’s hard to believe that the stock market has been trending upward for over 4 years. The S & P 500 bottomed on March 9th of 2009 at 666 (the numerical symbol of the Devil). The index recently hit 1687 which is an increase of 253%, not too bad for 4 years....

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